Volatility gold scalping strategy reddit. Gold scalping is fast-paced.


  • Volatility gold scalping strategy reddit No set strategy for futures scalping. Nov 7, 2024 · In this guide, you’ll learn about the best indicators for scalping XAUUSD and how to apply them in your trading strategy. Most people should be able anticipate where the market goes for the next 1-3 candles to some degree. Aug 28, 2024 · Gold is very volatile, making it an excellent asset to scalp, and most traders scalp gold using the XAU/USD CFD, available in most trading platforms, including MT4, MT5, and cTrader. A choppy day for gold means its stuck in a 100 pip range. At least 2 times a day there will be a broad squeeze available for scalping timeframe players to participate in (intense move with strong deltas and without pullbacks). I am a couple weeks in using this strategy and becoming increasingly profitable. Maybe looking for a strategy is the problem. You should pay special attention instead to retracement and expansion. We’ll break down essential tools like the Central Pivot Range (CPR), VWAP, Parabolic SAR, RSI, MACD, and more. It can see volatile a random pair to trade. I am scalping gold on 1min and 5min using no indicators. using. This method leverages gold price volatility, aiming for numerous small gains that add up over time. e. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. Many platforms offer pre-built scalping bots or allow users to create their own with specific parameters. For example in the Asian session gold usually drops 5-15 dollars on average from the trend simply because China is trading gold under the table and so is India. The time frame is irrelevant for XAU. I have been told and seen many times that these time frames are the worst to trade on Gold as it’s very volatile and random. Gold moves with the market open and high liquidity. Im scalping on a 5min chart. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Various market generated metrics I watch continuously: What I m trying now on gold (maybe it ll help) is a strategy based on three indicators (the supertrend indicator and a simple EMA + the AO) and it’s been yielding some nice results with proper risk management in place. Edit: id like to add that a 50% win rate is quite low for a scalping strategy… it should be up around 70-90%, at least in small cap nasdaqs, i dont know about futures. 2 days around 50% gain and third day (Friday) around 90% loss :))) Before that had some successful trades over the long term, even one on news, all on low leverage. Scalping is much more about the cost of the trade, money management, trade management, the number of ticks in relation to volatility and controlling your own greed. Welcome to FXGears. . Gold scalping is fast-paced. I’ve been doing quite a lot of digging around looking for ways to trade gold, I have been mucking around with forex for about 4-5 months now and i’m really trying to buckle down and find a profitable strategy for trading gold. The secret sauce for me has been the timeframe/lookback interplay. The secret of scalping in general is what I call explicit trading, i. However, using bots for scalping comes with its risks. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. Look for people to share ideas and experience scalping with gold. EDIT These are nice trades though Welcome to FXGears. No one in their right mind will teach you this though. Sizing those up and executing these perfectly is the main focus. For traders who want to automate their scalping strategies, Expert Advisors (EAs) and trading robots are viable options. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. XAUUSD Scalping Strategies with Robots and EAs. Ill definitely check back in, in 3months regardless of obvious sarcasm. I was also scalping gold past week. com, a trading forum run by professional traders. Read this article to find out what a gold scalping strategy consists of, with practical tips on creating a custom gold scalping strategy. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. That is just one example, where I've had the best results. bollinger bands, 8 ema and stochastics 5,3,3. High volatility increases the frequency of price Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. Scalpers hold positions briefly, often for seconds or minutes. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. Jul 26, 2023 · Volatility: Scalping relies on short-term price movements, so it’s essential to choose a time when the gold market is sufficiently volatile. But i do agree gold can sometimes move 500-1000 pips a day. A few days ago gold skyrocketed 400 pips in one minute. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. You gotta find a method that suits your personality, it sounds like you’re more of a longer hold type of trader so use those strategies for yourself instead. 11. snvdfr rdwzvsc fsyw knkleev mdqlj esum rtmw rusr isqfspc vzhrwwaj
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